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No. 1914 designating the SSDA declaring the SSDA to be blighted/ establishing an allocation area for purposes of TIF
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No. 1914 designating the SSDA declaring the SSDA to be blighted/ establishing an allocation area for purposes of TIF
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Id <br />bonds payable solely or in part from allocated tax proceeds in the <br />allocation area; <br />(C) Pay the principal of and interest on bonds payable from <br />allocated tax proceeds in that allocation area and from the special tax <br />levied under Ind. Code § 36- 7- 14 -27; <br />(D) Pay the principal of and interest on bonds issued by the City <br />of South Bend to pay for local public improvements in or serving the <br />allocation area; <br />(E) Pay premiums on the redemption before maturity of bonds <br />payable solely or in part from allocated tax proceeds in the allocation <br />area; <br />(F) Make payments on leases payable from allocated tax proceeds <br />in the allocation area under Ind. Code § 36 -7 -14 -25.2; <br />(G) Reimburse the City of South Bend for expenditures made by <br />it for local public improvements which includes, but is not limited to, <br />buildings, parking facilities, and other items described in Ind. Code <br />§ 36- 7- 14- 25.1(a) in or serving the allocation area; <br />(H) Reimburse the City of South Bend for rentals paid by it for a <br />building or parking facility in or serving the allocation area under any <br />lease entered into under Ind. Code § 36 -1 -10; <br />(I) Pay all or a portion of a property tax replacement credit to <br />taxpayers in an allocation area as determined by the Commission by <br />separate resolution; <br />(J) Pay expenses incurred by the Commission for local public <br />improvements that are in the allocation area or are serving the <br />allocation area (which includes buildings, parking facilities or other <br />items described in Ind. Code § 36- 7- 14- 25.1(a)); <br />(K) Reimburse public and private entities for expenses incurred <br />(W in training employees of industrial facilities that are located (i) within <br />the allocation area; and (ii) on a parcel of real property that has been <br />classified as industrial property under the rules of the state board of <br />tax commissioners; <br />(L) Reimburse the Commission for preliminary expenditures paid <br />I on <br />
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